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Finance Markets

Friday, February 2, 2018

The finance and currency markets are on a roller coaster right now with the likelihood of a US interest rate rise. Following a very healthy January for the stock markets, the Dow Jones was in meltdown yesterday as it experienced its worst day in history sparking a global sell-off.

On the back of the news last Friday that US wage growth is better than anticipated, the likelihood is that the US Fed will raise interest rates to curb spending. This positive news for the economy means that investors have shifted money from high value stocks and shares to bonds and other investments that will benefit from interest rate rises.

Out of favour metals have been slowly falling in price since the start of the year, and yesterday's small rise was due mostly to the fall in the value of the pound against a strong dollar rather than safe haven tactics.